Steem, where will it move next?It is currently in a descending wedge which in my opinion will test support level and looking at possible dates it might happen end next week closing on March 31st where the 11k satoshis level will be tested and rejected and continue moving along the wedge. New move will probably happen before April 13th where the long running descending wedge will no longer be valid or will have to be adjusted if there is no break above or below the support and resistant levels.
STEEMBTC trade ideas
$STEEM Found support at ~1140sats (Flip R/S)....$STEEM Found support at ~1140sats (Flip R/S) after the 40%+ run that reached 1415sats.
UCTS showing a buy on the 6h
Trying to cross EMA200
Volume is still low/falling
A potential retest of 1415 could happen if volume appears
Falling below current support cancels it
#STEEM
SOT March Chart off week 3 Steem/BTCThis is my March week 3 chart I think Steem may take another run up if it can ride the hourly uptrend to break out of the 4 hr wedge. I have described on the charts and in the description my entry, targets and stop loss.
Entry - 1172
1st Target - 1212
2nd Target - 1319
3rd Target - 1410
Stop Loss - 1100
**Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Light Blue
STEEMBTC 1-4Hrs TFSTEEM on its support and higher low of the current channel. We can place a buy order on the buy zone that can be found on the image. Stop Loss 3%. An obvious hidden bullsish divergence on the chart.
Bullish Bias:
24 March 2019
MainNet Release
Steem Smart Media Tokens (SMT) MainNet release.
steemit.com
Note: In trading there's no guarantee that you will gain or loss but with proper knowledge you can trade in the market with the highest probability. Always manage your SL and trade safely.
STEEMBTC updateWe reach +50% profit from previous analysis and still wait for target zone hit. Congrats
Right now Steem still pullback, we can buy again steem if it hit support zone around 0.00011336 - 0.00010560,
and set target at 0.00017183 to 0.00018172
If this analysis success, we will get another 70% profit in next 2 weeks estimated .
Click to see previous analysis
*support me by hit "LIKE"
STEEM / BTCSTEEM / BTC
The price breakdown of the resistance level, which became after that the support level, and fixing above it indicates the possibility of the price hike higher after a local return to it and a rebound
Entry price 0,000147
TP1 0.000161
TP2 0.000172
TP3 0.00018
Stop Loss 0.00011
Transferring to breakeven after 0.00017
STEEM-BTC Long Trade PlanCommodity : STEEM
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 14% to 46%
Prospective Loss : 9%
RRR : SL to TP1 is 1.5, SL to TP2 is 2.6 , SL to TP3 is 3.7 and SL to TP4 is 4.8
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
STEEMBTC gearing up soonThe extreme sell of on 25 jan could not stop the price action to gear up again, it was due to the some exceptional situation with steem and more than that the bad press played an important role.
Now I am expecting a bullish gartley or butterfly formation insha Allah.
Here we have a 50MA to push the price line back to bull move.
Regards,
Atif Akbar (MOON333)